Canadian economy grew 0.6 per cent in January
Posted Mar 31, 2017 6:58 am.
This article is more than 5 years old.
OTTAWA – The Canadian economy grew faster than expected in January, led by the manufacturing sector.
Statistics Canada says gross domestic product grew 0.6 per cent in the first month of the year on the strength of widespread growth across both goods- and service-producing industries.
Economists had expected a gain of 0.3 per cent, according to Thomson Reuters.
Goods-producing industries grew by 1.1 per cent in January, while service-producing industries rose 0.4 per cent.
Statistics Canada says the manufacturing sector was the largest contributor to the increase as it grew 1.9 per cent.
The strong figures for January cap a recent string of better-than-expected economic data. (The Canadian Press)
